New governance and finance structures are needed to scale up carbon dioxide removals

In view of the continued rise in global carbon dioxide (CO₂) emissions and insufficient efforts to reduce fossil fuels, there is a threat of significant economic losses, which could lead to an estimated 19% decline in global income by 2050. Carbon dioxide removal (CDR), as a new pillar of climate policy alongside traditional strategies – adaptation and mitigation – is crucial to address the temporary temperature overshoot. However, the financial requirements for scaling up CDR technologies are enormous and must be addressed promptly. Against the backdrop of COP29, KfW Research and the Potsdam Institute for Climate Impact Research outline five key areas of action to drive market adaptation, innovation and international cooperation in the field of CO₂ removal.

Let it sink in: New governance and finance structures are needed to scale up carbon dioxide removals(PDF, 535 KB, accessible)

Press release

Further informations on COP29

Further informations on climate neutrality